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Tax Filing Extension Deadline Approaching
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For those of you slackers out there (I mean, really busy people who waited six months after the first tax filing deadline…), the October 15th extended tax filing deadline is a week and a half away. TurboTax is still offering the same promotion for extended tax filers that they offered back in March and April this year:
- Free Edition is still free, 1040EZ & simple returns, with free eFile,
- $49.95 Deluxe Edition for folks who don’t qualify for the Free Edition, it also includes free eFile,
- $74.95 Premier edition for those with investments and retnal properties, free eFile,
- Finally, $99.95 home & business with free eFile.
Free Edition Users: There is really no reason why you should be waiting this long to file your taxes. There is a pretty good chance that you are owed a refund, in which case you given the government an even longer than reasonable interest free loan (not that they’re complaining, they need it!), and your taxes aren’t nearly as complicated as you think they are. (oh, and you may have been delayed getting that tax stimulus check everyone else has already spent!)
Everyone else… you have a week and a half, get on it!
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Actually, I just paid my taxes today. So everyone can stop worrying about where that $700B is going to come from!
There may not be a reason to you to wait this long…but there was for me. We didn’t have the extra money to pay in April and now we do…so that for us was a good enough reason!
Unfortunately, being granted an extension only gives you the right to file later, not pay later. The IRS will still charge you interest and penalties on taxes owed.